Fund Controller, Private Credit/High Yield Funds

1 week ago


Sydney, New South Wales, Australia Barings Full time $120,000 - $180,000 per year

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

The Fund Controller will support and oversight the day-to-day operations and reporting for Private Credit/High Yield Funds and fulfill other ad-hoc projects working closely with the Client and Finance Operations team in Australia. In supporting the Funds, this role will be required to liaise with various internal stakeholders and service providers including auditors on operational BAU typically monthly, quarterly and annual processes, maintaining controls and procedures, fund accounting and client reporting. Collaborating and building relations with third-party fund administrators (TPAs) is essential to ensure smooth fund operations and timely client deliverables is paramount for this role. This role will also be required to support wealth management operation of our funds.

Primary Responsibilities

  • Review of financial statements and accounting packages for complex clients, including all supporting work papers and disclosure documents; as well as review distribution calculations, management fees, carry interest, expenses, capital call and interest payments to the investors.
  • Manage fund launch process working closely with internal teams and administrator/custodian to ensure all parties deliver on time, cover new funds prior to reallocating funds to junior team members.
  • Produce investor reporting package such as investment manager's report, portfolio details report and various ad-hoc reporting in order to meet regulatory and client reporting requirements.
  • Monitor investment activity, review cash flow projections and manage liquidity requirements.
  • Provide support to investment teams across deal transactions and fund closing process.
  • Ensure fund operating expenses and budgets are in-line with documentation and perform quarterly budget reviews.
  • Produce and review of board packs to attend and present at board meetings to the Directors of the funds in various jurisdictions.
  • Analyse movements and trends in performance (IRRs, multiples) at asset and fund levels including the use of share class and portfolio hedging.
  • Assist team management and resources in the long run. Help train team members and educate internal support teams on fund knowledge and Barings operational processes.
  • Support the sales team in responding to regular client enquiries and requests.
  • A commitment to delivering an exceptional service to clients, with ability to work quickly and establish effective working relationships.
  • Experience in ad hoc project work, system implementation/upgrade and process improvements and effecting change where needed.
  • Daily cash management and co-ordination of drawings on the credit facility and from investor drawdowns
  • Preparation of monthly information on KRI's to help senior management analyse, attribute & comment on operational performance.
  • Review work and reporting produced by junior accountants, assist with developing and training new/junior accountants, identifying knowledge gaps, and provide feedback to manager - opportunity to contribute to new team build out.
  • Act as main contact with both internal (Portfolio Managers, Analysts, Business Development in Australia, UK and US for investment and operational queries) and external stakeholders (managing the relationship with third party administrators ("TPAs"), auditors including annual site visits, KPI service level meetings etc).
  • Oversee annual financial statements and its supporting schedules. Working with various internal and external parties for the fund's external audit.
  • Experience and understanding of wealth management and associated operation of the funds.

Qualifications

  • Accounting qualification required.
  • 12+ years' experience in asset management/financial service.
  • Recent and relevant experience covering responsibilities stated above.
  • Prior experience across Fund Accounting software.
  • Aladdin and/or eFront experience (preferred) but not essential.
  • Excellent Power BI and Excel skills.
  • Prior experience working on closed and open-end funds/Private Credit/High Yield fund accounting/administration/audit with experience in funds management, fund accounting, fund administration or fund audit.
  • Experience in multi-currency reporting, hedging strategy and new fund launches.
  • Attention to detail while functioning within global processes.
  • Proactive and ability to work with minimum supervision with the essential skill to think outside the box and see the bigger picture focusing on not only BAU but also process enhancements from a local and global perspective.
  • Ability to develop and maintain relationships with key internal Barings stakeholders including direct exposure to other business lines e.g. Portfolio Managers, Sales, Legal, Compliance, Corporate functions across the organisation.
  • Significant experience of managing TPA relationships with a proven track record in resolving any associated operational issues e.g. KPI client service meetings, high level interactions with relationship managers etc
  • Significant experience of analysing and providing query resolutions on private credit/high yield funds
  • Demonstrable experience of cash management and/or treasury functions e.g. cash forecasting, FX hedging requirements etc.
  • Detailed understanding and interpretation of legal documentation including prospectus, Limited Partnership Agreements, Credit, and other third-party agreements.
  • Good understanding of operational risks and controls
  • Strong communication skills both verbally and written, to liaise with Legal/Tax/PMs/Sales and other demanding stakeholders across the firm and ability to work to tight deadlines and flexible to meet workload.
  • Both individual contributor and team management skill are required
  • Experience in wealth management operation is preferred.

Requisite Skills
Accounting, Private Credit

Additional Skills
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.



  • Sydney, New South Wales, Australia Barings Full time US$80,000 - US$120,000 per year

    At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.We thank...


  • Sydney, New South Wales, Australia Barings Full time

    Join or sign in to find your next jobJoin to apply for the Fund Accountant, Private Credit role at Barings5 days ago Be among the first 25 applicantsJoin to apply for the Fund Accountant, Private Credit role at BaringsGet AI-powered advice on this job and more exclusive features.At Barings, we are as invested in our associates as we are in our clients. We...

  • Fund Accountant

    4 weeks ago


    Sydney, New South Wales, Australia Pantalent Full time

    OverviewJoin a prestigious financial services firm based in Sydney. Benefit from flexible working arrangements and continuous training opportunities designed to support your professional development and ensure you remain at the forefront of fund accounting practices.A prestigious financial services firm is seeking a Senior Associate Private Credit Fund...

  • Fund Manager

    4 weeks ago


    Sydney, New South Wales, Australia Capstone Full time

    Direct message the job poster from Capstone RecruitmentDirector - Property & Development Recruitment at CapstoneAn opportunity exists for an experienced finance professional to step into a Fund Manager role within a fast-growing real estate credit business. This position sits within a high-performing team and will play a critical role in scaling fund...


  • Sydney, New South Wales, Australia Partale Full time

    Join a market leader of fund administration, tax and accounting services as a Fund AccountantOffices based in Sydney CBDFull-time permanent opportunityAbout UsOne Investment Group is a leading provider of fund administration, tax, and accounting services to a range of clients in the financial services industry, including fund managers, insurance companies,...


  • Sydney, New South Wales, Australia PARTALE Full time $90,000 - $120,000 per year

    Join a market leader of fund administration, tax and accounting services as a Fund AccountantOffices based in Sydney CBDFull time permanent opportunityAbout UsOne Investment Group is a leading provider of fund administration, tax and accounting services to a range of clients in the financial services industry inc...


  • Sydney, New South Wales, Australia One Investment Group, Australia Full time $90,000 - $120,000 per year

    Join a market leader of fund administration, tax and accounting services as a Senior Fund AccountantOffices based in Sydney CBDFull time permanent opportunityAbout UsOne Investment Group is a leading provider of fund administration, tax and accounting services to a range of clients in the financial services industry including fund managers, insurance...

  • Fund Fund Analyst

    4 weeks ago


    Sydney, New South Wales, Australia Citco GSGS Full time

    About Citco The market leader. The premier provider. The best in the business. At Citco, we've been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its...

  • Fund Fund Analyst

    4 weeks ago


    Sydney, New South Wales, Australia Citco GSGS Full time

    About CitcoThe market leader. The premier provider. The best in the business. At Citco, we've been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its...

  • Fund Fund Analyst

    5 days ago


    Sydney, New South Wales, Australia The Citco Group Limited Full time $60,000 - $120,000 per year

    About CitcoJOB DESCRIPTIONThe market leader. The premier provider. The best in the business. At Citco, we've been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and...